In the Keynesian DMP model, if the wage is high then
A) the vacancy rate is low.
B) the unemployment rate is low.
C) labor market tightness is high.
D) the labor force must be low.
A
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If the supply of labor ________, real wages rise and the amount of labor employed ________
A) increases; increases B) increases; decreases C) decreases; increases D) decreases; decreases
During the Great Depression we observed:
a. higher prices. b. higher real wages. c. lower output. d. higher money wages. e. both b and d.
All of the following are elements of a game except which one?
A) a game board B) rules C) payoffs D) strategies
What two basic ideas led to American preeminence in nineteenth-century manufacturing?
a. interchangeable parts and the right of incorporation b. continuous-process manufacturing, and the breast water wheel c. water frame spinning machines and the use of interchangeable parts d. interchangeable parts and continuous-process manufacturing